外汇 (wàihuì) — foreign exchange; foreign currency

外汇 (wàihuì)

外汇 refers to foreign exchange or foreign currency -- money of foreign countries used in international trade and financial transactions, as well as the system for exchanging currencies.

Meanings

1. [noun] foreign exchange; foreign currency; forex

Example Sentences

中国拥有全球最大的外汇储备之一。 Zhōngguó yōngyǒu quánqiú zuìdà de wàihuì chǔbèi zhī yī. China has one of the largest foreign exchange reserves in the world.

出口贸易是该国获取外汇的主要来源。 Chūkǒu màoyì shì gāi guó huòqǔ wàihuì de zhǔyào láiyuán. Export trade is the main source of foreign exchange earnings for the country.

外汇市场每天的交易量高达数万亿美元。 Wàihuì shìchǎng měitiān de jiāoyì liàng gāodá shù wàn yì měiyuán. The foreign exchange market has a daily trading volume of trillions of dollars.

政府对外汇流出实施了严格的管制措施。 Zhèngfǔ duì wàihuì liúchū shíshī le yángé de guǎnzhì cuòshī. The government implemented strict controls on foreign exchange outflows.

去国外旅行前，最好先换好外汇。 Qù guówài lǚxíng qián, zuì hǎo xiān huàn hǎo wàihuì. Before traveling abroad, it is best to exchange foreign currency in advance.

外汇汇率的波动对进出口企业影响巨大。 Wàihuì huìlǜ de bōdòng duì jìnchūkǒu qǐyè yǐngxiǎng jùdà. Fluctuations in foreign exchange rates have a huge impact on import and export companies.

Collocations

Usage Notes

外汇 is a key term in economics, finance, and international trade. 外 means "foreign" and 汇 means "remittance/exchange," so 外汇 is foreign remittance -- money flowing from abroad or currency used internationally.

外汇储备 (foreign exchange reserves) is an important economic indicator widely discussed in Chinese financial news. The forex market is a standard topic in economics education at the B2 level, and understanding 外汇管制 (foreign exchange controls) is important for understanding Chinese economic policy.

Memory Hook

外 means "foreign/outside" and 汇 means "to converge/remit money." 外汇 is foreign money that flows in -- the currency coming from outside the country's borders.